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Chapter 3

IFAC’s main drivers of sustainable

corporate success

The Professional Accountants in Business (PAIB) Committee published a paper to
support the global accountancy profession in responding to changing expectations of
society, financial markets, and organisations, and promotes the value of professional
accountants in business to their organisations.

The paper lists eight drivers of sustainable organisational success which provide the
basis for understanding how the global accountancy profession needs to support the
development of professional accountants, so that they can help organisations
achieve sustainable value creation.

Customer and stakeholder focus

 Understanding and satisfying customer or service-user needs.

 Aligning all parts of an organisation to these needs.

Effective leadership and strategy

 Providing ethical and strategic leadership focused on sustainable value
creation.

 Facilitating key performance drivers, including strong corporate values, ethical
culture, and organisational structures and processes.

Integrated governance, risk and control

 Deploying effective governance structures and processes with integrated risk
management and internal control.

 Balancing performance and conformance in governance.

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